Employees Retirement System of Texas Boosts Holdings in Crown Castle International Corporation (CCI)

Employees Retirement System of Texas grew its holdings in shares of Crown Castle International Corporation (NYSE:CCI) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,000 shares of the real estate investment trust’s stock after acquiring an additional 3,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Crown Castle International Corporation were worth $3,106,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Crown Castle International Corporation by 3.8% during the second quarter. Vanguard Group Inc. now owns 24,372,787 shares of the real estate investment trust’s stock worth $2,441,666,000 after acquiring an additional 891,908 shares in the last quarter. BlackRock Inc. raised its stake in shares of Crown Castle International Corporation by 4.2% during the second quarter. BlackRock Inc. now owns 24,254,770 shares of the real estate investment trust’s stock worth $2,429,841,000 after acquiring an additional 975,757 shares in the last quarter. State Street Corp raised its stake in shares of Crown Castle International Corporation by 1.0% during the first quarter. State Street Corp now owns 14,766,574 shares of the real estate investment trust’s stock worth $1,394,708,000 after acquiring an additional 147,313 shares in the last quarter. Morgan Stanley raised its stake in shares of Crown Castle International Corporation by 2.1% during the first quarter. Morgan Stanley now owns 7,860,425 shares of the real estate investment trust’s stock worth $742,417,000 after acquiring an additional 158,840 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Crown Castle International Corporation by 762.8% during the second quarter. Jennison Associates LLC now owns 7,806,109 shares of the real estate investment trust’s stock worth $782,016,000 after acquiring an additional 6,901,353 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle International Corporation (NYSE CCI) opened at 101.52 on Monday. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88. The company has a market cap of $41.24 billion, a PE ratio of 81.02 and a beta of 0.17. The stock has a 50 day moving average of $104.04 and a 200 day moving average of $99.84.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. Crown Castle International Corporation’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Crown Castle International Corporation will post $1.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.80 annualized dividend and a yield of 3.74%. Crown Castle International Corporation’s payout ratio is presently 304.00%.

Several research firms have commented on CCI. Royal Bank Of Canada reissued a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Bank of America Corporation lifted their price target on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Citigroup Inc. lifted their price target on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. BidaskClub raised shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research raised shares of Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $120.00 price target on the stock in a research note on Wednesday, September 20th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Crown Castle International Corporation currently has a consensus rating of “Buy” and a consensus target price of $107.50.

COPYRIGHT VIOLATION WARNING: This story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://ledgergazette.com/2017/10/09/employees-retirement-system-of-texas-boosts-holdings-in-crown-castle-international-corporation-cci.html.

In related news, Director J Landis Martin purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were bought at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the acquisition, the director now owns 99,335 shares of the company’s stock, valued at approx

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Crown Castle International Corporation by 3.8% during the second quarter. Vanguard Group Inc. now owns 24,372,787 shares of the real estate investment trust’s stock worth $2,441,666,000 after acquiring an additional 891,908 shares in the last quarter. BlackRock Inc. raised its stake in shares of Crown Castle International Corporation by 4.2% during the second quarter. BlackRock Inc. now owns 24,254,770 shares of the real estate investment trust’s stock worth $2,429,841,000 after acquiring an additional 975,757 shares in the last quarter. State Street Corp raised its stake in shares of Crown Castle International Corporation by 1.0% during the first quarter. State Street Corp now owns 14,766,574 shares of the real estate investment trust’s stock worth $1,394,708,000 after acquiring an additional 147,313 shares in the last quarter. Morgan Stanley raised its stake in shares of Crown Castle International Corporation by 2.1% during the first quarter. Morgan Stanley now owns 7,860,425 shares of the real estate investment trust’s stock worth $742,417,000 after acquiring an additional 158,840 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Crown Castle International Corporation by 762.8% during the second quarter. Jennison Associates LLC now owns 7,806,109 shares of the real estate investment trust’s stock worth $782,016,000 after acquiring an additional 6,901,353 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Crown Castle International Corporation (NYSE CCI) opened at 101.52 on Monday. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88. The company has a market cap of $41.24 billion, a PE ratio of 81.02 and a beta of 0.17. The stock has a 50 day moving average of $104.04 and a 200 day moving average of $99.84.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a return on equity of 6.21% and a net margin of 11.14%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. Crown Castle International Corporation’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Crown Castle International Corporation will post $1.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.80 annualized dividend and a yield of 3.74%. Crown Castle International Corporation’s payout ratio is presently 304.00%.

Several research firms have commented on CCI. Royal Bank Of Canada reissued a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research note on Tuesday, August 29th. Bank of America Corporation lifted their price target on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Citigroup Inc. lifted their price target on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. BidaskClub raised shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research raised shares of Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $120.00 price target on the stock in a research note on Wednesday, September 20th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Crown Castle International Corporation currently has a consensus rating of “Buy” and a consensus target price of $107.50.

COPYRIGHT VIOLATION WARNING: This story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://ledgergazette.com/2017/10/09/employees-retirement-system-of-texas-boosts-holdings-in-crown-castle-international-corporation-cci.html.

In related news, Director J Landis Martin purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were bought at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the acquisition, the director now owns 99,335 shares of the company’s stock, valued at approximately $9,997,074.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.41% of the company’s stock.

About Crown Castle International Corporation

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).

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Institutional Ownership by Quarter for Crown Castle International Corporation (NYSE:CCI)

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